Oppenheimer Asset Management Inc. Sells 2,535 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Oppenheimer Asset Management Inc. trimmed its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 18.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,952 shares of the bank’s stock after selling 2,535 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Huntington Bancshares were worth $178,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Arvest Bank Trust Division bought a new position in Huntington Bancshares during the third quarter valued at $2,381,000. Mediolanum International Funds Ltd bought a new position in Huntington Bancshares during the fourth quarter valued at $422,000. Donoghue Forlines LLC bought a new position in Huntington Bancshares during the fourth quarter valued at $1,460,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Huntington Bancshares by 5.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 844,466 shares of the bank’s stock valued at $12,414,000 after purchasing an additional 44,662 shares during the period. Finally, Petiole USA ltd bought a new position in Huntington Bancshares during the third quarter valued at $3,454,000. 80.72% of the stock is owned by institutional investors.

Huntington Bancshares Trading Up 0.1 %

NASDAQ HBAN opened at $15.14 on Friday. The stock’s 50-day simple moving average is $16.58 and its two-hundred day simple moving average is $16.09. Huntington Bancshares Incorporated has a twelve month low of $12.05 and a twelve month high of $18.44. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $22.01 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 1.33 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Huntington Bancshares had a return on equity of 11.23% and a net margin of 16.23%. During the same quarter in the prior year, the business earned $0.27 EPS. Research analysts forecast that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.155 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.62 dividend on an annualized basis and a yield of 4.10%. Huntington Bancshares’s payout ratio is 50.41%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Robert W. Baird raised Huntington Bancshares from a “neutral” rating to an “outperform” rating and set a $18.00 price objective for the company in a report on Friday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $20.00 price target on shares of Huntington Bancshares in a report on Tuesday, January 21st. Keefe, Bruyette & Woods raised their price target on Huntington Bancshares from $16.00 to $19.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. StockNews.com raised Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, December 12th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $18.50 price target on shares of Huntington Bancshares in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, Huntington Bancshares presently has a consensus rating of “Moderate Buy” and an average target price of $18.24.

Huntington Bancshares Profile

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.